GoMetro, a fast-growing South African tech company that operates in the fleet management space, has announced the successful completion of a £9 million Series A funding round.
The round was led by new investor Zenobē, with significant participation by FutureGrowth Asset Managers. Following on in the Series A round were existing investors 4 Decades Capital, Hlayisani Capital, Tritech Global, Kalon Venture Partners, ESquared Ventures and Greg Fury.
The infusion of capital will serve as a catalyst for GoMetro’s mission to digitise heavy duty commercial transport operations and further develop its state-of-the-art fleet management platform in its key markets of the United Kingdom, EU, USA and South Africa.
Fleet owners operate in a highly competitive space in both the bus and truck sector. The risk of losing market share to competitors who are rapidly adopting technology solutions can be minimised if fleet operators can position their operations for growth and stay competitive in the ever-changing market.
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